Smith & Nephew Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	6,164	5,810	5,549	5,215	5,212
Revenue Growth (YoY)	6.09%	4.70%	6.40%	0.06%	14.30%
Cost of Revenue	1,972	1,764	1,730	1,540	1,543
Gross Profit	4,192	4,046	3,819	3,675	3,669
Selling, General & Admin	3,102	3,100	3,055	2,880	2,720
Research & Development	296	289	339	345	356
Total Operating Expenses	3,398	3,389	3,394	3,225	3,076
Operating Income	794	657	425	450	593
Interest Income	28	24	34	14	6
Interest Expense	-140	-145	-132	-80	-80
Other Non-Operating Income (Expense)	97	-38	-37	-149	67
Total Non-Operating Income (Expense)	-15	-159	-135	-215	-7
Pretax Income	779	498	290	235	586
Provision for Income Taxes	154	86	27	12	62
Net Income	625	412	263	223	524
Net Income to Common	625	412	263	223	524
Net Income Growth	51.70%	56.65%	17.94%	-57.44%	16.96%
Shares Outstanding (Basic)	434	437	436	436	439
Shares Outstanding (Diluted)	437	438	437	437	439
Shares Change (YoY)	-0.34%	0.34%	-	-0.57%	0.11%
EPS (Basic)	1.44	0.94	0.60	0.51	1.20
EPS (Diluted)	1.43	0.94	0.60	0.51	1.19
EPS Growth	52.34%	56.15%	18.04%	-57.29%	16.60%
Shares Outstanding	424.66	436.75	435.94	435.08	439.1
Free Cash Flow	852	606	181	110	469
Free Cash Flow Growth	40.59%	234.81%	64.55%	-76.55%	-4.67%
Free Cash Flow Per Share	1.95	1.38	0.41	0.25	1.07
Dividends Per Share	0.391	0.375	0.375	0.375	0.375
Dividend Growth	4.27%	-	-	-	-
Gross Margin	68.01%	69.64%	68.82%	70.47%	70.40%
Operating Margin	12.88%	11.31%	7.66%	8.63%	11.38%
Profit Margin	10.14%	7.09%	4.74%	4.28%	10.05%
FCF Margin	13.82%	10.43%	3.26%	2.11%	9.00%
EBITDA	1,367	1,302	1,108	1,067	1,160
EBITDA Margin	22.18%	22.41%	19.97%	20.46%	22.26%
EBIT	794	657	425	450	593
EBIT Margin	12.88%	11.31%	7.66%	8.63%	11.38%
Effective Tax Rate	19.77%	17.27%	9.31%	5.11%	10.58%

Updated Mar 2, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q